Reply to Sweden has double the rate of billionaires as the US

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would imagine a small country comprised of people who share common values about what their society should be like would be fairly easy to manage. And they pay relatively little of their GDP for defense.   [/quote]

The US is the biggest economy in the world with $76,000 GDP per capita vs Sweden’s $56,000. The US spends $2,226 per capita on defence/military, more than Sweden but not sure its particularly relevant to this particular thread? Out of interest, the US spends 2.9% of GDP and Sweden says it reach 2.1% this year.

With those vast resources, the size of its domestic market, potential efficiencies and deep capital markets, it’s hardly surprising the US produces billionaires with great wealth. If Jeff Besos sells a $5 pair of socks to every American, he will make over $1.5 billion revenue. If a Swede sells a pair of socks to every countryman or woman, they’ll make $50 million. Probably not enough for a super yacht.

Surely it must be much easier to become a billionaire in this country? If you have a fantastic idea, it’s easier to raise cash and roll it out and you have a huge market with few market barriers. Even the top 10 wealthiest people in the grocery sector are billionaires. I can’t imagine there are too many billionaires selling bottles of milk in Sweden. [/quote]

Sweden is part of the common EU market, so Jeff Bezos could sell a 5 dollar pair of socks to around 450 million people from Sweden the same as selling from California to Texas.[/quote]

No doubt the common EU market makes a huge difference but it’s not as easy for a company or start up that doesn’t have resources like Amazon. There are 24 different languages, local market peculiarities, different advertising strategies for each country, local labour, corporate and consumer laws, different currencies (eg Sweden still uses kroner), etc. [/quote]

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